Financial emergencies can strike at any time. To pay financial obligations, most people consider redeeming their investments or obtaining an unsecured loan. Although taking out a loan is a preferable alternative, determining the correct form of loan can be difficult. Furthermore, NBFCs and banks continue to educate individuals on how to apply for unsecured loans […]
Category Archives: Home loan / finance
For Freelancing Professionals: A Guide To Home Loans!
and others are paid weeks later. In these conditions, it is difficult for them to obtain a house loan. Because they are not linked to any employment or have a consistent income, freelancing workers are frequently rejected a house loan, causing them to postpone or reconsider their home-buying choice. Due to the lack of a […]
Composite Loans vs. Plot Loans: Understanding the Key Differences!
Low CIBIL Score? No Problem! Tips for Securing a Home Loan
Denied for a Home Loan? It May Be Due to These 12 Factors!
How will the higher repo rate affect the EMIs on your house loan?
The Reserve Bank of India (RBI) charges a repo rate when lending money to commercial banks. The repo rate influences the interest rate on home loans because it tells banks to boost their interest rates. Equated Monthly Installments (EMIs) for borrowers also rise as the interest rate on house loans does.
RBI repo rate hikes in 2022-23!
The Reserve Bank of India (RBI) has recently implemented some steps to curb inflation and uphold the nation’s financial stability. The repo rate, which represents the rate at which the central bank loans money to commercial banks, has increased as one such metric. The RBI uses the repo rate as a key instrument to manage […]
What is the repo rate?
A repo rate is a tool for monetary policy that central banks employ to manage inflation and manage the flow of money into an economy. It describes the rate at which a central bank makes short-term loans to commercial banks. The repo rate is regulated by the Reserve Bank of India (RBI), which serves as […]
Is it a good idea to pay off a house loan early?
Not only is owning a home the biggest ambition of our lives, but it is also without a doubt one of the most significant financial chores in our lives. Paying off your mortgage early is one of the most creative methods to save money. To reduce your home loan‘s interest payments, you can prepay the […]